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Travel and Tourism - Venezuela - November 2016

“Venezuela is entrenched in a deep political and economic crisis. Its economy has failed and confidence in its government is at an all-time low. Unemployment and inflation are soaring, and shortages of essential commodities and services including food, power and medicine are commonplace. These problems have been compounded by the collapse in the country’s social order. From a tourist perspective, the situation is deeply worrying and inbound visitors are becoming increasingly scarce.”
- Jessica Kelly, Senior Tourism Analyst

Tourism industries around the world retracted in the aftermath of the well-documented 2007/08 global economic downturn, and South America was no exception. International arrivals to the region recorded zero growth in 2009, and fell by 2.2% in 2010, according to the United Nations World Tourism Organization (UNWTO). This situation was quickly reversed and, despite these difficult years, the number of foreign tourists visiting the region increased by an average of 5.3% per annum in the decade 2005-15. Factors fuelling this expansion include the heightened demand for commodities from emerging markets like China and a boom in inter-regional travel.

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Table of contents

  1. Venezuela: Key Facts

    • Introduction

      • Data Sources

        • Background

          • History
            • Geography
            • Attractions

                • National parks and nature reserves
                  • North Coast and Caribbean Islands
                    • Cities
                      • Caracas
                        • Ciudad Bolívar
                          • Coro
                            • Mérida
                            • Tourism and the Economy

                                • Figure 1: Economic indicators, Venezuela, 2009-16
                              • Oil and the Venezuelan economy
                                • Figure 2: OPEC basket price, yearly average, 2008-16
                              • An economy in crisis
                                • Multiple exchange rates
                                  • The economic contribution of tourism
                                    • Figure 3: Tourism’s direct contribution to GDP, 2009-16
                                    • Figure 4: Tourism balance of payments, 2009-16
                                    • Figure 5: Domestic tourism spending, 2009-16
                                  • Tourism and employment
                                    • Figure 6: Contribution of tourism to employment, 2009-16
                                • Arrivals

                                    • International
                                      • Figure 7: Inbound tourism indicators, 2001-11*
                                      • Figure 8: International arrivals, 2010-16
                                    • Source markets
                                      • Figure 9: International arrivals by region of origin, 2009-16
                                      • Figure 10: Arrivals by selected country of origin, Q3 & Q4 2011*
                                    • Domestic
                                      • Figure 11: Domestic tourism arrivals, 2007-16
                                      • Figure 12: Domestic travel & tourism spending, 2009-16
                                  • Market Characteristics

                                      • Figure 13: Leisure- & business-tourism revenues, 2009-16
                                    • International
                                      • Purpose of visit
                                        • Figure 14: International tourist arrivals, by purpose of visit, 2009-16
                                      • Seasonality
                                        • Figure 15: Seasonality of international arrivals, 2009-16
                                      • Length of stay
                                        • Figure 16: Average length of stay (nights), 2001-16
                                      • Domestic
                                        • Purpose of visit
                                          • Seasonality
                                            • Length of stay
                                              • Figure 17: Average length of stay (nights) by domestic tourists, 2007-16
                                          • Transport

                                              • Air
                                                • Figure 18: Air passengers carried, 2009-16
                                              • Road
                                                • Rail
                                                  • Sea
                                                  • Accommodation

                                                      • Figure 19: Non-resident visitors by type of accommodation, Q4 2011
                                                      • Figure 20: Hotel occupancy rates, 2010-16
                                                  • Tourism News

                                                    • What Next?

                                                          • Figure 21: Economic outlook, Venezuela, 2016-21
                                                          • Figure 22: International arrivals forecast, Venezuela, 2016-26
                                                          • Figure 23: Tourism’s outlook, Venezuela, 2016-26

                                                      Travel and Tourism - Venezuela - November 2016

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